Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.chieco.2004.06.004
Title: China's capability to control its exchange rate
Authors: Lu, D. 
Keywords: China
Exchange rate
Renminbi (RMB)
Issue Date: 2004
Source: Lu, D. (2004). China's capability to control its exchange rate. China Economic Review 15 (3) : 343-347. ScholarBank@NUS Repository. https://doi.org/10.1016/j.chieco.2004.06.004
Abstract: This paper discusses the Chinese monetary authority's capability to control the exchange rate of the Renminbi (RMB) by reviewing the key features of China's currency exchange regime. It highlights the fact that this regime not only allows the monetary authority to affect the range of exchange rate fluctuation through open market operations, but also enables it to directly influence the crucial elements of demand and supply in the foreign exchange market. In this light, we examine the recent measures taken by the authority to ease appreciation pressures on the RMB since the mid-2003.©2004 Elsevier Inc. All rights reserved.
Source Title: China Economic Review
URI: http://scholarbank.nus.edu.sg/handle/10635/19913
ISSN: 1043951X
DOI: 10.1016/j.chieco.2004.06.004
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